Ask about Infrared Finance · freeTotal Value Locked$10.53m
TVL by Chain
Berachain$10.53m
Key Metrics
Fees 30d$12,163
Fees 30d by chain
Berachain$12,163
Fees 7d$2,217
Berachain$2,217
Fees 24h$291
Berachain$291
Cumulative Fees$8.49m
Berachain$8.49m
Revenue 30d$12,163
Revenue 30d by chain
Berachain$12,163
Revenue 7d$2,217
Berachain$2,217
Revenue 24h$291
Berachain$291
Cumulative Revenue$8.49m
Berachain$8.49m
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$176,741
Earnings 30d$12,163
Earnings 7d$2,217
Earnings 24h$291
Cumulative Earnings$8.49m
Market Cap$394,778
$IR Price$0.0019
Fully Diluted Valuation$1.93m
Outstanding FDV$1.73m
$IR Volume 24h$383,193
CEX Volume$378,464
DEX Volume$7,520(1.96% of total)
Total Raised$16.5m
Jan 29, 2024$2.5mRound: SeedInvestors: Synergis, NGC Ventures, Tribe Capital, CitizenX, Shima Capital, dao5, Sygnum Capital, Ouroboros Capital, Decima, Oak Grove Ventures, Dorahacks, Tenzor Capital, Alex Shin, Albert Chon, Charles Lu, MrBlock, Chris Spadafora, DCF God
Jun 24, 2024Round: PrivateInvestors: Binance Labs
Mar 4, 2025$14mRound: Series AInvestors: Framework Ventures, Decima, Rubik Ventures, Symbolic Capital, NGC Ventures, No Limit Holdings, Axiom, Auros Global, Animoca Brands, Halo Capital, CitizenX, Selini Capital, Stakestone, Ether.fi, Origami Finance, Ramen Finance, AlfaDAO, TempleDAO, Beraborrow
Protocol Information
Infrared Finance is a BERA liquid staking protocol which utilizes proof of liquidity to maximize yields
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Staking rewardsView code on GitHubRevenue: Percentage of user rewards paid to protocolView code on GitHubIncentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Infrared Finance history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Feb 13, 2025 to Nov 12, 2026.
All-time high TVL: $2.412b on Mar 27, 2025. All-time low TVL: $10.63m on Nov 12, 2026.
Daily TVL, Oct 14, 2026 to Nov 12, 2026
| Date | TVL |
|---|---|
| Oct 14, 2026 | $23.19m |
| Oct 15, 2026 | $24.28m |
| Oct 16, 2026 | $22.43m |
| Oct 17, 2026 | $19.56m |
| Oct 18, 2026 | $18.81m |
| Oct 19, 2026 | $17.94m |
| Oct 20, 2026 | $17.52m |
| Oct 21, 2026 | $17.73m |
| Oct 22, 2026 | $18.9m |
| Oct 23, 2026 | $17.47m |
| Oct 24, 2026 | $16.93m |
| Oct 25, 2026 | $16.37m |
| Oct 26, 2026 | $16.11m |
| Oct 27, 2026 | $16.1m |
| Oct 28, 2026 | $16.03m |
| Oct 29, 2026 | $16.43m |
| Oct 30, 2026 | $15.04m |
| Oct 31, 2026 | $14.82m |
| Nov 1, 2026 | $14.4m |
| Nov 2, 2026 | $14.13m |
| Nov 3, 2026 | $13.84m |
| Nov 4, 2026 | $13.73m |
| Nov 5, 2026 | $13.52m |
| Nov 6, 2026 | $12.31m |
| Nov 7, 2026 | $12.58m |
| Nov 8, 2026 | $12.07m |
| Nov 9, 2026 | $11.26m |
| Nov 10, 2026 | $11.21m |
| Nov 11, 2026 | $11.17m |
| Nov 12, 2026 | $10.63m |
TVL at each month end, Feb 2025 to Nov 2026
| Date | TVL |
|---|---|
| Feb 28, 2025 | $1.466b |
| Mar 31, 2025 | $2.008b |
| Apr 30, 2025 | $1.624b |
| May 31, 2025 | $911.23m |
| Jun 30, 2025 | $584.54m |
| Jul 31, 2025 | $317.5m |
| Aug 31, 2025 | $432.36m |
| Sep 30, 2025 | $463.95m |
| Oct 31, 2025 | $364.52m |
| Nov 30, 2025 | $158.25m |
| Dec 31, 2025 | $204.56m |
| Jan 31, 2026 | $101m |
| Feb 28, 2026 | $110.83m |
| Mar 31, 2026 | $57.91m |
| Apr 30, 2026 | $50.24m |
| May 31, 2026 | $47.25m |
| Jun 30, 2026 | $24.23m |
| Jul 31, 2026 | $17.79m |
| Aug 31, 2026 | $18.24m |
| Sep 30, 2026 | $24.99m |
| Oct 31, 2026 | $14.82m |
| Nov 12, 2026 (latest) | $10.63m |
Fees and revenue by UTC calendar month, Feb 2025 to Nov 2026
| Month | Fees | Revenue |
|---|---|---|
| Feb 2025 | $184,290 | $184,290 |
| Mar 2025 | $2.81m | $2.81m |
| Apr 2025 | $1.67m | $1.67m |
| May 2025 | $1.41m | $1.41m |
| Jun 2025 | $832,201 | $832,201 |
| Jul 2025 | $608,419 | $608,419 |
| Aug 2025 | $262,182 | $262,182 |
| Sep 2025 | $370,995 | $370,995 |
| Oct 2025 | $145,225 | $145,225 |
| Nov 2025 | $41,759 | $41,759 |
| Dec 2025 | $19,390 | $19,390 |
| Jan 2026 | $24,912 | $24,912 |
| Feb 2026 | $18,968 | $18,968 |
| Mar 2026 | $10,304 | $10,304 |
| Apr 2026 | $8,564 | $8,564 |
| May 2026 | $5,720 | $5,720 |
| Jun 2026 | $25,214 | $25,214 |
| Jul 2026 | $8,182 | $8,182 |
| Aug 2026 | $6,560 | $6,560 |
| Sep 2026 | $12,721 | $12,721 |
| Oct 2026 | $15,094 | $15,094 |
| Nov 2026 (to date) | $4,027 | $4,027 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/infrared-finance
Frequently asked questions
What is Infrared Finance's TVL?
As of Nov 12, 2026, Infrared Finance has $10.53m in total value locked. TVL has decreased 51.8% over the past 30 days.
What chains does Infrared Finance operate on?
Infrared Finance operates on Berachain. Berachain holds the largest share at 100%.
How much has Infrared Finance generated in fees and revenue?
Over the past 30 days, Infrared Finance generated $12,163 in fees. Of that, $12,163 was protocol revenue. Based on the trailing year, the annualized rate is $176,741 in fees and $176,741 in revenue.
What is the IR token price and valuation?
IR is currently trading at $0.0019. Its circulating market capitalization is $392,534, ranking it #4,646. Its fully diluted valuation is $1.91m. Supply currently stands at 205m circulating, 1b total supply, 1b maximum supply.
How has IR performed recently?
IR is down 36.8% over the past 7 days and down 56% over the past 30 days. Its all-time high is $0.30, reached on Dec 21, 2025. The token is currently 99.4% below that level.
How does Infrared Finance's TVL compare to similar protocols?
Among Liquid Staking protocols tracked by DefiLlama, Infrared Finance ranks #67 by TVL. The category holds $46.973b across 268 protocols, and Infrared Finance accounts for <0.1% of that total. Similar protocols include ether.fi Stake, Stride, Lair Finance, Smilee Finance gBERA, BeraPaw, Lido, Binance staked ETH, JustLend sTRX, Sanctum Validator LSTs, and Rocket Pool.
How many yield pools does Infrared Finance have?
DefiLlama tracks 1 Infrared Finance yield pool with an average APY of 3.8%.